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Index Trend Analysis Report

Prepared for you on Wednesday, January 20, 2021.

BNY Mellon Africa DR Total Return Index (CME:BKDAFT)

Sidelines Mode (+50) - BKDAFT is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until BKDAFT can gain momentum.

Is it time to buy, sell, or avoid BKDAFT?

MarketClub looks at technical strength and momentum to determine if the timing is right for BKDAFT.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_BKDAFT
Open High Low BKDAFT Price Change
954.98 954.98 954.98 954.98 +24.83
Entry Signal

MarketClub’s Trade Triangles for BKDAFT

long term down The long-term trend has been DOWN since Oct 28th, 2020 at 880.46

intermediate term up The intermediate-term trend has been UP since Dec 7th, 2020 at 873.33

short term up The short-term trend has been UP since Dec 16th, 2020 at 874.70

Smart Scan Analysis for BKDAFT

Based on our trend formula, BKDAFT is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for BKDAFT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
954.98 954.98 954.98 954.98 +24.83
Prev. Close Volume Bid Ask Time
900.02 0 2021-01-20 16:58:15
52wk High900.5852wk High Date2018-01-25
52wk Low715.3552wk Low Date2018-11-27
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